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Your financial planner offers you two different investment plans. Plan X is a $15,000 annual perpetuity. Plan Y is a 10-year, $20,000 annual annuity. Both plans will make their first payment one year from today. |
At what discount rate would you be indifferent between these two plans? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) |
Discount rate | % |
Apr 07 2020 View more View Less
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